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Chief Risk Officer Jobs in Michigan (NOW HIRING)

Vibe Credit Union

VP of Risk

Novi, MI · On-site

Job Title: VP of Risk Reports To ... Chief Financial Officer Department: ERM Grade: 16 Location: Novi / Ops Date Revised: 5.6.2026 Our ...

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OPUS IVS INC

Chief of Staff

Dexter, MI · On-site

The Chief of Staff supports the COO and executive management team in translating strategy into ... risk, and dependencies to support executive decision-making. * Build execution plans for executive ...

OPUS IVS INC

Chief of Staff

Dexter, MI

The Chief of Staff supports the COO and executive management team in translating strategy into ... risk, and dependencies to support executive decision-making. * Build execution plans for executive ...

Opus IVS

Chief of Staff

Dexter, MI · On-site

The Chief of Staff supports the COO and executive management team in translating strategy into ... risk, and dependencies to support executive decision-making. * Build execution plans for executive ...

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All JobsChief Risk Officer JobsChief Risk Officer Jobs in Michigan

Chief Risk Officer information

See Michigan salary details

$86.3K

$167.1K

$334.7K

How much do chief risk officer jobs pay per year?

As of Jul 18, 2026, the average yearly pay for chief risk officer in Michigan is $167,140.00, according to ZipRecruiter salary data. Most workers in this role earn between $146,900.00 and $166,000.00 per year, depending on experience, location, and employer.

What Is a Chief Risk Officer?

A chief risk officer (CRO) oversees financial risks for a business or other organization. As a CRO, your job duties involve identifying business risks, developing risk management policies, and performing risk assessments of new projects. You usually collaborate with all departments in your organization, as well as stakeholders and board members, to determine suitable levels of financial risk. It is essential to monitor company policies to ensure that all projects meet industry standards and government regulations. Chief risk officers may also be in charge of internal auditing, IT security, and insurance needs.

What is the difference between Chief Risk Officer vs Risk Manager?

AspectChief Risk OfficerRisk Manager
CredentialsTypically requires advanced degrees (MBA, Master’s in Risk Management) and professional certifications (FRM, CRM)Often holds a bachelor’s degree; certifications like CRM or FRM are common but not always required
Work EnvironmentExecutive-level, strategic planning, overseeing entire risk management frameworkOperational role, implementing risk policies, analyzing specific risks
Industry UsageUsed across finance, insurance, corporate sectors at the executive levelFound in various industries, focusing on day-to-day risk assessment and mitigation

The Chief Risk Officer (CRO) is a senior executive responsible for the overall risk management strategy of an organization, requiring advanced credentials and strategic oversight. In contrast, a Risk Manager handles specific risk assessments and mitigation activities, often with less seniority and fewer certifications. Both roles are vital but differ in scope, responsibilities, and level of seniority.

What is a Chief Risk Officer?

A Chief Risk Officer (CRO) is a senior executive responsible for identifying, assessing, and mitigating risks that could impact an organization’s operations or objectives. The CRO oversees risk management strategies, ensures compliance with regulatory requirements, and works closely with other executives to develop policies that protect the company from financial, operational, and reputational harm. This role is especially important in industries such as finance, insurance, and healthcare, where risk management is critical to organizational success.

What are some common challenges a Chief Risk Officer faces in aligning risk management strategies across different departments?

A Chief Risk Officer (CRO) often encounters challenges in ensuring that risk management policies are consistently implemented across departments with varying objectives and risk appetites. Communication gaps, differing priorities, and varying levels of risk awareness can make it difficult to create a unified risk culture. CROs must work closely with department heads to tailor risk strategies that align with business goals while maintaining compliance and minimizing exposure. Building strong relationships and fostering ongoing education are key to overcoming these challenges and promoting effective enterprise-wide risk management.

What are the key skills and qualifications needed to thrive as a Chief Risk Officer, and why are they important?

To thrive as a Chief Risk Officer, you need deep expertise in risk management, financial analysis, regulatory compliance, and typically an advanced degree in finance, law, or business. Familiarity with risk assessment software, governance frameworks (such as COSO or ISO 31000), and relevant certifications like FRM or CRM is highly valued. Strategic thinking, leadership, and strong communication skills enable effective collaboration across executive teams and clear risk reporting. These capabilities are vital for identifying threats, safeguarding organizational assets, and ensuring sound decision-making in a complex regulatory environment.
More about Chief Risk Officer jobs
What are popular job titles related to Chief Risk Officer jobs in Michigan? For Chief Risk Officer jobs in Michigan, the most frequently searched job titles are:
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What cities in Michigan are hiring for Chief Risk Officer jobs? Cities in Michigan with the most Chief Risk Officer job openings:
What are popular job titles related to Chief Risk Officer jobs in MI? For Chief Risk Officer jobs in MI, the most frequently searched job titles are:
Chief Risk Officer jobs near you
Infographic showing various Chief Risk Officer job openings in Michigan as of July 2026, with employment types broken down into 94% Full Time, and 6% Part Time. Highlights an 86% In-person, and 14% Remote job distribution, with an average salary of $167,140 per year, or $80.4 per hour.
Fractional Chief Financial Officer (CFO)

Fractional Chief Financial Officer (CFO)

MEDIC 1 AMBULANCE

Benton Harbor, MI • On-site

Part-time

Re-posted 6 days ago

Job description

The Fractional CFO provides part-time executive financial leadership for a municipal non-profit ambulance organization. This role is responsible for ensuring financial sustainability, regulatory compliance, and strategic alignment with the organization's mission to deliver high-quality emergency medical services (EMS) to the community. The Fractional CFO works closely with executive leadership, municipal stakeholders, and the governing board to manage public funds responsibly, optimize reimbursement revenue, and support long-term operational viability.
Key Responsibilities
Financial Strategy & Municipal Alignment
  • Develop & implement financial strategies aligned with the organization's mission and municipal expectations
  • Advise leadership on financial implications of service expansion, staffing models, and capital investments (e.g. ambulances, equipment)
  • Support long-term financial planning, including sustainability of EMS operations in a public/non-profit context

Budgeting, Forecasting & Fund Accounting
  • Lead development of annual operating and capital budgets
  • Monitor budget-to-actual performance and provide variance analysis
  • Oversee fund accounting practices, including restricted and unrestricted funds
  • Assist in financial reporting required by municipal partners and governing bodies

Revenue Cycle & Reimbursement Optimization
  • Oversee EMS billing and collections processes, including Medicare, Medicaid, and private insurance reimbursements
  • Analyze payer mix and reimbursement trends to identify revenue improvement opportunities
  • Ensure compliance with healthcare billing regulations and documentation requirements
  • Collaborate with billing vendors or internal staff to improve revenue cycle efficiency

Cash Flow & Financial Sustainability
  • Monitor cash flow, liquidity, and reserve levels
  • Develop strategies to manage fluctuations in reimbursement timing and funding cycles
  • Provide recommendations for maintaining adequate operating reserves

Grants, Funding & Compliance
  • Support identification, application, and management of grants (local, state, and federal)
  • Ensure proper tracking and reporting of grant funds in accordance with requirements
  • Assist with compliance related to municipal funding, contracts and intergovernmental agreements

Accounting Oversight & Audit Coordination
  • Oversee accounting functions to ensure accuracy and compliance with GAAP for non-profits
  • Prepare and review financial statements and board reports
  • Coordinate annual audits and serve as liaison with external auditors
  • Ensure timely filing of required reports (e.g. IRS Form 990, state filings)

Risk Management & Internal Controls
  • Establish and maintain internal financial controls to safeguard public funds
  • Identify financial risks related to operations, reimbursement, or funding sources
  • Ensure compliance with applicable regulations, including healthcare and municipal requirements

System & Operational Efficiency
  • Evaluate financial systems, billing platforms, and reporting tools
  • Recommend and implement improvements to enhance efficiency and transparency
  • Support data-driven decision-making through KPI development (e.g. cost per transport, collection rates, unit hour utilization)

Stakeholder Communication
  • Present financial reports and strategic insights to executive leadership, board members, and municipal officials.
  • Translate complex financial data into clear, actionable information for non-financial stakeholders
  • Support transparency and accountability in public-facing financial reporting

Qualifications
  • Bachelor's degree in Finance, Accounting, or related field (CPA strongly preferred)
  • 10+ years of financial leadership experience, preferably in non-profit, healthcare, EMS or municipal environments
  • Strong knowledge of non-profit accounting standards and fund acounting
  • Experience with healthcare reimbursement systems (Medicare/Medicaid) highly preferred
  • Familiarity with grant management and public funding structures
  • Proven experience working with boards, government entities, or public agencies

Key Skills & Competencies
  • Strategic financial leadership in mission-driven organizations
  • Deep understanding of EMS or healthcare financial dynamics
  • Strong analytical and forecasting capabilities
  • Excellent communications skills for diverse stakeholders
  • High level of integrity and commitment to public stewardship
  • Ability to navigate regulatory and compliance requirements

Work Structure
  • Part-time/contract/retainer-based role
  • Flexible schedule based on organizational needs and reporting cycles
  • May be remote with periodic on-site or board meeting attendance
  • Expected to engage regularly with leadership and key stakeholders

Typical Deliverables
  • Monthly financial statements and board reports
  • Annual operating and capital budgets
  • Cash flow projections and sustainability plans
  • Grant financial reports and compliance documentation
  • Revenue cycle performance analysis
  • Other tasks as assigned by the Director

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